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Fed's Hammack leans against more rate cuts because of high inflation
Yahoo Finance·2025-11-07 01:02

By Michael S. Derby NEW YORK (Reuters) -Cleveland Federal Reserve President Beth Hammack said on Thursday ongoing high levels of inflation argue against the U.S. central bank ​cutting interest rates again. "I remain concerned about high inflation and believe policy should be leaning against ‌it," Hammack said in the text of a speech to be delivered to an Economic Club of New York event. "‌After last week's meeting, I see monetary policy as barely restrictive, if at all, and it's not obvious to me that mo ...